Ethereum Multi-Timeframe Analysis
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Hourly Chart: Downward regression channel ( Bearish )
Daily Chart: Lost the bullish channel and sink to the previous support level.
Weekly Chart: Spinning top followed by long bearish candle can not be a good sign after a bullish rally. (Bearish)
Monthly Chart: Gravestone Doji (Bearish)
Conclusion: 4000 is the critical level, closing below that is an alarming sign!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor or a certified financial analyst or an economist or a CPA or an accountant or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Hourly Chart: Downward regression channel ( Bearish )
Daily Chart: Lost the bullish channel and sink to the previous support level.
Weekly Chart: Spinning top followed by long bearish candle can not be a good sign after a bullish rally. (Bearish)
Monthly Chart: Gravestone Doji (Bearish)
Conclusion: 4000 is the critical level, closing below that is an alarming sign!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor or a certified financial analyst or an economist or a CPA or an accountant or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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